Russian stocks to open flat amid mixed foreign background

MOSCOW, Sep 26 (PRIME) -- Russian stocks may open neutrally on Wednesday amid a mixed foreign background, analysts said.

“We expect a neutral opening of the MOEX Russia Index with an insignificant change of 0.1–0.3%, around the level of 2,445 points. The nearest support levels will be 2,440 and 2,430 points. The main resistance will be at 2,450 and 2,460 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

After the neutral opening, the MOEX Russia Index will likely enter into consolidation.

Before the start of trading in Russia, the U.S. stock index futures rose up to 0.4%, Brent oil futures lost 0.15%, gold futures added 0.1%, Japan’s Nikkei225 increased 0.3%, and Hong Kong’s Hang Seng grew 1.7%.

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